Gold traded range bound on Wednesday, though the bias remained negative as Street awaits the FOMC policy outcomes, later today. Yellow metal’s slide was despite some weakness in the dollar index (DXY) which was hovering around the 105.14 mark against a basket of six top currencies, down 0.05%. The MCX October gold futures were trading […]
Canadian Dollar’s rally gathers additional momentum during early US session, buoyed by data that depicted faster re-acceleration in Canadian inflation than anticipated. It is noteworthy that the surge in headline inflation figure was chiefly influenced by escalating gasoline prices, yet inflation excluding gasoline did not decelerate as BoC would love to see. This scenario is
Canadian Dollar Rides High on Inflation Data, Dollar and Euro Struggle Read More »
The auto workers’ strike is the latest in a series of labor-management conflicts that economists say could start having significant growth impacts if they persist. So far, the United Auto Workers stoppage has impacted just a small portion of the workforce with limited implications for the broader economy. But it is part of a pattern
Striking unions impacting the economy at a level not seen in decades Read More »
“Buy-now, pay-later” firm Klarna aims to return to profit by summer 2023. Jakub Porzycki | NurPhoto | Getty Images Swedish buy now, pay later firm Klarna reduced its losses by roughly 67% in the first half of 2023, as the company dramatically cut costs in a bid toward profitability. The company reported overall net operating
Buy now, pay later firm Klarna cuts losses in first half but fails to post profit Read More »
Share: GBP/USD continues with its struggle to register any recovery from a multi-month trough. Traders opt to wait for the UK CPI and FOMC decision, ahead of Thursday’s BoE meeting. The setup favours bears and suggests that the path of least resistance is to the downside. The GBP/USD pair extends the previous day’s rejection slide
GBP/USD Price Analysis: Consolidates near multi-month low, below 1.2400 ahead of UK CPI Read More »
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GBPUSD tests low of swing area as traders work toward the day end and end of week Read More »